claim housing loan

yes u can claim deduction as it is a interest on pre construction period

as ur home will be completed on may 09 (assuming u ve not repaid any instalment )

Any interest upto 31.03.2009 will be treated as pre construction interest and u can claim deduction in 5 equal sums starting from the AY 2010-2011.

u can claim deduction as it is a pre construction perid

Any interest up to 31.03.2009 will be allowed as deduction in 5 equal instalments starting from the AY 2010-11

and any interest for the current year from FY 2009-10 (AY 2010-11) will be allowed as deduction in the same year.

Ya u r absolutly right biswajit